Wage rates in other markets are assumed constant along the labor supply curve for a particular labor market
a. True
b. False
A
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If the real interest rate falls, there is
A) a leftward shift of the supply of loanable funds curve and no shift in the demand for loanable funds curve. B) an upward movement along the supply of loanable funds curve. C) a downward movement along the supply of loanable funds curve. D) a rightward shift of the supply curve of loanable funds and no shift in the demand for loanable funds curve. E) a leftward shift of the supply of loanable funds curve and a rightward shift in the demand for loanable funds curve.
For the monopolistically competitive firm, the demand curve it faces will be steeper the:
A. more easily the good can be substituted. B. more complement goods are available. C. less easily the good can be substituted. D. less complement goods are available.
Suppose a tax on buyers has been imposed in the graph shown. How much are buyers being taxed on each unit sold?
A. $4
B. $8
C. $12
D. $16
In the presence of positive externalities, the market will choose a price that is __________ and produce a quantity that is __________ than the socially optimal price and quantity
a. higher; lower b. lower; lower c. higher; higher d. lower; higher e. impossible to know without more information about market demand and supply